The Central Bank of Nigeria has said the country’s Deposit Money Banks are safe and have no liquidity problems. It based its assessment on the outcome a recent stress test conducted on the banks. The CBN stated this in a statement on Sunday signed by the Director, Corporate Communications Department, […]

Keystone Bank Limited, one of the three nationlised banks belonging to the Asset Management Corporation of Nigeria, has sold its Ugandan subsidiary due to lack of capital to run it. A statement by the bank on Sunday said the Ugandan unit, Orient Bank Limited, had been acquired by the erstwhile […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian interbank rates rose to 11.25 percent on Friday compared with 8.25 percent reported last week after local currency liquidity tightened following purchases of Treasury bills and foreign exchange, a Reuters report quoted traders. The report says market liquidity dropped to about N260 billion […]